The Buzz
All markets and investing news all the time

RANCHO Size 8 On Your Feet Cowboy Women’s Brown 8 LEATHER 27703 SOLES Western Cowboy Boots c229a57

Item specifics

Condition: Pre-owned :
An item that has been used or worn previously. See the seller’s listing for full details and description of any imperfections.See all condition definitions- opens in a new window or tab
Seller Notes: excellent made boots !
Country/Region of Manufacture: Mexico Color: Brown
Style: Cowboy Boots Calf Circumference: 14"
Boot Shaft Height: 14" Brand: On Your Feet
US Shoe Size (Women's): US 8 Heel Type: Block
Material: Leather UPC: Does not apply

RANCHO Size 8 On Your Feet Cowboy Women’s Brown 8 LEATHER 27703 SOLES Western Cowboy Boots c229a57 -

Americans love Corona, but is it paying off for investors? April 9, 2014: 11:06 AM ET
RANCHO Size 8 On Your Feet Cowboy Women’s Brown 8 LEATHER 27703 SOLES Western Cowboy Boots c229a57
RANCHO Size 8 On Your Feet Cowboy Women’s Brown 8 LEATHER 27703 SOLES Western Cowboy Boots c229a57 -

The beer trade has been a good one for Constellation.

Bottoms up! Constellation is cashing in on America's love affair with Corona.

Shares of Constellation Brands (STZ) opened sharply higher Wednesday after the beer and wine company reported strong quarterly results, although the stock has now fallen back.

The buzz kill came after Constellation executives said on a conference call with analysts that the cost of expanding a brewery in Mexico would be much higher than previously expected.

The company raised its estimate for the cost of upgrading its Nava brewery to a range between $900 million and $1.1 billion, up from the previous estimate of between $500 million to $600 million. So far, Constellation has spent about $140 million on the brewery.

Robert Ryder, Constellation's chief financial officer, tried to put a positive spin on the news.

"Despite the increased cost to build out the brewery, our improved commercial results should keep our cash flow and delivering goals intact," he said.

Constellation said net income surged 92% in the fourth quarter to $157 million, or 79 cents per share. Analysts were expecting the company to report earnings of 76 cents per share, according to FactSet.

Corona is the best-selling imported beer in the United States, according to Constellation CEO Rob Sands.

Sales rose to nearly $1.3 billion, thanks largely to about $600 million from Crown, the division that distributes Modelo brand beers, including Corona, in the United States.

"We had a great year, driven by our beer business," Sands told analysts on a conference call today.

Constellation paid $5.3 billion to take full control of Crown last year as part of a complex deal between Anheuser-Busch InBev (BUD) and Mexico's Grupo Modelo.

The deal was held up in court after the U.S. government sued to block it over anti-competitive concerns. But regulators relented after AB InBev and Modelo gave Constellation "perpetual rights" to distribute the popular Corona beer in the U.S. market and tossed in a major Modelo brewery.

Related: Why six-packs are pricier in some markets

So far, Constellation's bet on Mexican beer is paying off.

Net sales in the beer segment rose 13% in the fourth quarter " due to volume growth driven by strong consumer demand," the company's report states.

The strength in beer helped offset softness in sales of wine and spirits, which grew only 1% in the quarter.

Constellation expects beer sales to continue growing in its current fiscal year and is looking for income to grow "in the low to mid 20 percent range."

That should lead to better-than-expected earnings. Constellation is now targeting earnings of between $3.75 to $3.95 per share for the full year, which would translate to earnings growth of up to 27%.

RANCHO Size 8 On Your Feet Cowboy Women’s Brown 8 LEATHER 27703 SOLES Western Cowboy Boots c229a57

Now who needs a lime?

Join the Conversation
Follow CNNMoneyInvest
Fear & Greed
Sponsored by
RANCHO Size 8 On Your Feet Cowboy Women’s Brown 8 LEATHER 27703 SOLES Western Cowboy Boots c229a57 -
About This Author
RANCHO Size 8 On Your Feet Cowboy Women’s Brown 8 LEATHER 27703 SOLES Western Cowboy Boots c229a57 -
Ben Rooney
Staff writer, CNNMoney

Ben Rooney is a staff writer for CNNMoney. He covers the European debt crisis and other international finance stories, in addition to writing about stocks, bonds, investing and other Wall Street-related news. Follow Ben on Twitter: @ben_rooney

To view my watchlist

Not a member yet?

Sign up now for a free account
Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
Most Popular
You won the $1.5 billion Powerball! Here's your tax bill
Women's Platform Shoes High Top Casual Sneakers Shoes Trainers Ankle Boots FlatsWomens Punk block high Heel Platform Zipper Buckle strap Goth Ankle Boots Shoes , Cute Animal Pug Shoes High Platform Wedge Shoes Creepers Punk Style Boots WomensKali Women's Knee High Buckle Faux Leather Boots Sonya (Adults 6 7 8 9 10 11)NEW! BORN CROWN ankle BOOTS! 8.5M IMPRESSIVE!2017 Womens Ankle Boots Pull On Low Heels Booties Plus Size Shoes FashionMIA Daisy Brown Leather Western Cowboy Ankle Boots Womens 9 , Women's Over The Knee Thigh High Boots Open Toe Lycra Pull On Chunky Block Heel , Western Boots Justin Vintage Saddle Doeskin, Womens L4210, 5-1/2B , Donut Women's Girls High Top Casual Sneakers ShoesTrainers Ankle Boots Giftsb7a Columbia Bugabootoo High Womens 8.5 Snow Winter Waterproof Thermolite Boots , BORN Brown Leather Ankle Boots Size 7.5 M W Style W21354 booties distressed , Libby Edelman Henson Purple Studded Removable Harness Ankle Boot New , QUPID Summer to Fall Bootie Ankle Boots Bootie 5.5-10 Taupe PRENTON-05XMaterial Girl Macys New Womens Saber Gray Boots 6 M Shoes NWOB , Lamo Brown Suede Button Whipstitched Faux Fur Ankle Boots NEW , PVC Women's Fashion Rain Shoes Anti Slip Rain Boots Flat Heel Low GaloshesStyle & Co. Womens Astaire Brown Riding Boots Shoes 6 Medium (B,M) BHFO 1981JESSICA SIMPSON Womens Knee High Fashion Boot Burnished Brown Equestrian Sz 6.5M , Naturalizer Lilly Leather Suede Strap Tailored Ankle Bootie Wine 10M NEW 497-157 , FRYE Engineer Boots Women’s 6 B Red Slip On Square Toe Leather USA Motorcycle , Franco Sarto Womens Ivanea Black Over-The-Knee Boots 10 Medium (B,M) BHFO 5213 , MARKET 22 Palmer black rounch Mid-calf boots shoes 37.5/ 7 , Bare Traps Tommy Taupe Wide Calf Buckle Detail Riding Boot NEWVogue Womens Lady Winter High Block Heel zipper Buckle Ankle Boot Shoes Booties , Bearpaw Maggie Navy Blue Suede Sheepskin Winter NeverWet Ankle Boot 8 SaleMarc Fisher Justice Faux Suede Side Zip Tie Back Ankle Boots Womens 5.5 M Taupe+ , Womens pull on Mid Calf boots Platform Hidden Wedge Heel casual Snow Boots ShoesCharlotte Ronson Dimphy Women's Black Scallop Edge Bootie
Powerball winner can stay anonymous, judge rules
Counterfeit goods market is booming and becoming more dangerous
Kodak ditches digital cameras, will focus on photo printing BareTraps Yalina Flat Riding Boots 889, Black, 9 US , Natural Soul Kasta Faux Leather Ankle Booties, Women's Size 10M, Black , Aerosoles Escintial Bootie - Women's Size 7.5B - Black , NEW SODA SCRIBE ZIP CLOSURE BOOTIES , City Classified Women's Closed Toe Faux Suede Elastic Block Heel Ankle BootieMi Bottes BUFFALO London Cuir Noir T 39 BE* US 7 WOMEN SIZES SHEEP WOOL SLIPPERS BOOTS 100% PURE WOOL VALENKI sheepskin , Women's Dr. Scholl's London Brown Leather Ankle Boots Size 9.5 M , MUKLUKS Women's Gray Mid Calf Knit Sweater Accent Buckle Suede Jean Boots Size 7 , Katalina Womens Low Heel Pull On Bow Detail Chelsea Ankle Boots Ladies ShoesChooka Womens City Solid Mid Rain Boots Navy Shoe Size 8 M , Steve Madden Women's 'Harber' Bootie (7.5M, Taupe Suede) , GUESS High Top Faux Fur Shoe Shoes Booties Boot Boots Faux Suede Ankle Sz 9 , PINK STUDIO LEATHER CANVAS RIDING BOOTS ANTHROPOLOGIE BLUE ROMA HARNESS 6 M , L'AUTRE FEMME Brown Ostrich Leg Leather Zip Fashion Boots Womens Size 37 EURGabor Brown Boots Womens Size 8.5MAIGLE Shoes 499848 GreyxBeigexMulticolor 35 , Vintage Lady Cole Haan Womens leather Dress Shoes 1960s NOS New size 7AA tasslesLANVIN black patent leather ballet flats shoes Italian size 36 , Dansko Professional Patent Leather Women Shoes made in Italy New 42 /US 11.5- 12Women's Vionic Dakota Slip-On Leather Mule Gold US SizesComfortiva Women's Marybeth Smoking Flat Fumo Grey Floret/King Suede FlatsSkechers BOBS from Women's Pureflex-Heathers Flat Teal 8.5 M US$270 PAUL GREEN PACIFIC SABBIA Perforated Designer Comfort Casual Loafers 6 , adidas Performance Womens Ultraboost X Running Shoe- Pick SZ/Color.Black & Multicolored Skull Pattern ALEGRIA DEB 484 Clog Shoes US 9BCBGeneration Womens Cleo Fabric Low Top Pull On Fashion SneakersHush Puppies Power Walker Shoe - Women's Size 9N - BlackWomen's LUCKY BRAND Aida Boots BootsSteve Madden Womens Black Leather Western Boots Size 9 M
University of Phoenix is the latest college under investigation
Latest Buzz Videos
See all videos
RANCHO Size 8 On Your Feet Cowboy Women’s Brown 8 LEATHER 27703 SOLES Western Cowboy Boots c229a57 Boots
Powered by VIP.